Friends of the Sharon Art Studio

Analysis

Friends of the Sharon Art Studio is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in December 1996, 30 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Friends of the Sharon Art Studio reported income of $460k and spending of $474k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $323k to $460k (+42%), an average of +7.3% a year. The sharpest change came in the year to June 2023, when income rose by 84%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Sharon Art Studio sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include Nehemiah Initiative Seattle ($460k), Northrop Grumman Management Club ($460k) and Barton Chambers Apartments Inc ($460k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $90k (19% of expenses). Other salaries and wages came to $65k. At year end it held assets of $240k against liabilities of $4,535, net assets of $236k. It reported 32 employees.